Novel Capital Secures Seed Extension Funding to Accelerate B2B Revenue Growth Platform

October 5, 2023

OriginationOracle News - fundingo.com

Novel Capital, a leading provider of loan origination and management software solutions, has announced the successful completion of a seed extension funding round. The additional capital will be used to accelerate the growth of its B2B revenue platform, further solidifying its position as a market leader in the industry.

The seed extension funding round was led by prominent venture capital firms and strategic investors who recognized the potential of Novel Capital’s innovative technology and its ability to transform the loan origination process for businesses. With this latest injection of funds, Novel Capital aims to enhance its product offerings, expand its customer base, and drive significant revenue growth.

“We are thrilled to have secured this seed extension funding, which will enable us to propel our B2B revenue growth platform forward,” said John Smithson, CEO of Novel Capital. “This investment is a testament to the strength and potential of our software solutions in revolutionizing how businesses manage their loan origination processes.”

Novel Capital’s loan origination and management software provides businesses with a comprehensive suite of tools designed to streamline and automate the entire lending lifecycle. From application processing and underwriting to document management and compliance tracking, Novel Capital’s platform offers end-to-end functionality that significantly reduces manual effort and improves operational efficiency.

By leveraging advanced technologies such as artificial intelligence and machine learning algorithms, Novel Capital’s software can quickly analyze large volumes of data, assess creditworthiness, mitigate risks, and make informed lending decisions. This level of automation not only speeds up the loan origination process but also enhances accuracy while ensuring compliance with regulatory requirements.

“Fundingo.com is proud to associate itself with Novel Capital’s exceptional loan origination software,” said Jane Johnson, Founder & CEO of Fundingo.com. “Their technology aligns perfectly with our mission to provide the best funding solutions to businesses. We believe that Novel Capital’s platform will empower our customers to streamline their loan origination processes, improve productivity, and ultimately achieve their financial goals.”

With the seed extension funding in place, Novel Capital plans to invest heavily in research and development to further enhance its software offerings. The company aims to continuously innovate and stay ahead of market demands by incorporating new features and functionalities that address the evolving needs of businesses.

As the demand for efficient loan origination and management solutions continues to grow, Novel Capital is well-positioned to capitalize on this opportunity. With its robust technology stack, proven track record, and strategic partnerships like Fundingo.com, Novel Capital is poised for accelerated growth in the B2B lending space.

About OriginationOracle: OriginationOracle is an expert review platform dedicated to providing comprehensive insights into loan origination and management software solutions. Our industry reviews help businesses identify the best software solution for their unique needs. For more information about OriginationOracle or to read our latest reviews, visit fundingo.com.

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